System and method for data synchronization and verification

Abstract

The present disclosure is directed to transforming a data set of discrete records, tracing unrelated entries across the records, and verifying the traces using independently-sourced external data. In one aspect, a system includes memory and one or more processors configured to execute the computer-readable instructions to receive a first set of data, the first data set including multiple discrete financial records of an entity; apply a set of logics to the first data set to identify a plurality of traces, each of the plurality of traces associating discrete entries across one or more of the multiple financial records; performing a verification process to verify the plurality of traces against a second data set for the entity, the second data set being independently sourced from a third party entity to yield a verification result; and prepare an output of the verification result to be presented on a display.

What is claimed is: 
     
         1 . A method for trace-based data verification across different data sets, the method comprising:
 generating a graphical user interface to present at a user device, wherein the graphical user interface includes one or more commands associated with a data verification process;   detecting an interaction with the graphical user interface, wherein the interaction is associated with at least one of the commands associated with the data verification process;   
       initiating performance of the data verification process upon an identified data set in accordance with the at least one command, wherein the data set is received from at least two independent sources;
 generating output based on the data verification process being performed upon the identified data set, wherein generating the output includes transforming data of the identified data set, and wherein the transformed data includes visual indications of one or more traces based on one or more outcomes of the data verification process being performed upon the identified data set; 
 assigning a confidence score associated with the output, wherein the confidence score indicates a level of trustworthiness associated with the data verification; and 
 generating an updated graphical user interface to be presented on the user device, wherein the updated graphical user interface includes at least the output and the confidence score, and wherein the updated graphical user interface includes a graphical representation of the confidence score.